Zayani Motors – MG Motor Bahrain Launches a 3-Year Summer Promotion Offering Exclusive Limited Time Privileges
Kicking things off, the agile MG3 can now be enjoyed for only BD 97 per month, making city driving more fun and affordable than ever. The New MG5 follows suit at BD 105 per month, offering a spacious cabin and reliable performance that perfectly suit daily commutes. For enthusiasts seeking a head-turning sports saloon, the dynamic MG7 combines cutting-edge tech with style at BD 165 per month. Also, for drivers who crave sporty flair with everyday practicality, the sleek MG GT is available at BD 122 per month.
SUV fans are equally spoilt for choice: the premium-feeling MG HS brings charm and capability for BD 171 per month, while the rugged MG RX5 balances athletic looks with versatility at BD 156 per month. Those needing even greater power and presence can step up to the commanding MG RX9 for BD 217 per month. Compact-SUV lovers will find the ever-popular MG ZS an unbeatable proposition at BD 122 per month, and the distinctive MG ONE blends style, comfort and performance from BD 148 per month.
Every MG model continues to carry the brand's exclusive six-year/200,000 km warranty (whichever comes first). Customers are encouraged to book a test drive, explore personalised finance plans and secure their dream MG before the promotion ends on 31 August 2025.
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Biz Bahrain
18 hours ago
- Biz Bahrain
Seef Properties reports Bd2.7 Million Net Profit Attributable to shareholders of the parent for the six-month period ended 30 June 2025
Seef Properties B.S.C. (Bahrain Bourse Trading Code: SEEF) announced its financial results for the second quarter ended 30 June 2025 and six months period ended 30th June 2025. The Company reported a net profit and comprehensive income attributable to the parent of BD 1.5 million during the second quarter of 2025, compared to BD 1.7 million for the same period of the previous year, a decrease of 13.3%. The change is attributable to increased market competition and economic fluctuations. Diluted earnings per share attributable to the parent for the first quarter of 2025 amounted to 3 Fils, compared to 4 Fils for the same period the previous year. The Company's operating profits stood at BD 2.9 million for the second quarter of 2025, compared to BD 3.2 million for the same period in the previous year, a decrease of 9.3%. The Company reported a net profit and comprehensive income attributable to the parent of BD 2.7 million for the six-month period ended 30th June 2025, compared to BD 3.1 million for the same period last year, a decrease of 12.9%. Basic and diluted earnings per share attributable to the parent for the six months period ended 30th June 2025 amounted to 6 fils, compared to 7 fils for the same period of the previous year. The Company reported a decrease in operating profit for the period ended 30th June 2025 by 10.4%, reaching BD 5.8 million, compared to 6.5 million for the same period of the previous year. Revenues for the period ended 30th June 2025 decreased by 9.7%, reaching 7.5 million, in comparison with the BD 8.3 million reported in the same period last year. The Company's total equity (after excluding the equity attributable to minority) for the second quarter of 2025 decreased by 0.9%, reaching BD 160.4 million, compared to BD 161.8 million for the same period in the previous year. Total assets for the second quarter decreased by 1.4 %, reaching BD 174.7 million compared to BD 177.1 million for the same period in the previous year. Commenting on these results, Seef Properties Chairman, Mr. Essa Mohamed Najibi stated: 'Our strategy continues to focus on diversifying our portfolio and enhancing the performance of our existing assets. Our balanced business model has helped us achieve several important milestones, including the signing of a second agreement to develop a large-scale mixed-use project in the Kingdom of Saudi Arabia. This is in line with our regional expansion plans and our ambition to share Seef Properties' expertise in real estate development, hospitality, and entertainment, while also building strategic partnerships that position us as a key contributor to Bahrain's economic growth and achieving the objectives of Economic Vision 2030.' Mr. Najibi expressed appreciation for the Kingdom's continued national achievements under the leadership of His Majesty King Hamad bin Isa Al Khalifa, and the follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. He added: 'Seef Properties remains committed to its role as a leading national company that contributes to economic development while consistently delivering value to shareholders and customers. Looking ahead, we will focus on launching high-quality, distinctive projects that respond to market needs, support urban growth in the region, and boost our competitive edge. We will continue investing in initiatives that reinforce Bahrain's leadership position and support its sustainable development goals.' Seef Properties Chief Executive Officer, Mr. Ahmed Yusuf said: 'At Seef Properties, we are executing a well-planned strategy to boost occupancy across our developments through targeted and attractive initiatives. In line with this, we have begun implementing our redevelopment plans, which mark an important new phase for the company. We are preparing for a full-scale transformation of Seef Mall – Seef District, reintroducing it in a modern form that reflects evolving visitor expectations through facility upgrades, service improvements, and new concepts that blend comfort with variety. We are also working to attract more top-tier local and international tenants and to diversify the mix of services offered to visitors. As a result, we have seen an increase in occupancy levels and signed new agreements that support our portfolio growth and enhance revenue sustainability.' Mr. Yusuf added: 'We are equally focused on enhancing visitor experience through environmentally conscious initiatives, most notably our solar energy project, which will supply clean electricity to all our commercial destinations. This is in line with our vision to improve quality of life in the Kingdom of Bahrain and support its commitment to meeting the highest global sustainability standards.'
Daily Tribune
2 days ago
- Daily Tribune
BCFC Reports BD 2.2 Million Net Profit in the First Half of 2025
Bahrain Commercial Facilities Company BSC (trading code: BCFC) announced its financial result for the three months and six months periods ended 30 June 2025. The Group reported a net profit of BD 1.1 million, 27% lower than the net profit during the same period last year of BD 1.5 million. The basic and diluted earnings per share amounted to a profit of 6 Fils, 25% lower compared to 8 Fils for the same period last year. The Group registered a total comprehensive income of BD 1.0 million, 23% lower than BD 1.3 million for the same period last year. Six months During the six months period ended 30 June 2025, the Group achieved a net profit of BD 2.2 million, 33% lower than the net profit of BD 3.3 million for the same period last year. This resulted in a basic and diluted earnings per share amounting to a profit of 11 Fils, 35% lower compared to 17 Fils for the same period last year. The Group achieved a total comprehensive income of BD 1.8 million, 44% lower compared to BD 3.2 million for the same period last year. Total shareholders' equity stands at BD 104.6 million as of 30 June 2025, 1% lower than 31 December 2024 of BD 105.9 million. The Group's total assets as of 30 June 2025 stand at BD 219.2 million, 0.7% lower than 31 December 2024 of BD 220.8 million. The Group's total liabilities reached BD 114.6 million as of 30 June 2025, 0.3% lower than 31 December 2024 of BD 114.9 million. Mr. Abdulrahman Fakhro, the Chairman of Bahrain Commercial Facilities Company (BCFC), expressed his appreciation for the Group results and stated 'During the period, the Board acknowledges the Group's positive performance, with the majority of business segments delivering encouraging results, reflecting the resilience of the Group's diversified portfolio. Our focus continues to be on creating long-term value, approaching future opportunities with cautious optimism and a firm commitment to delivering sustainable returns for our shareholders.' Mr. Abdulla Bukhowa, the Chief Executive Officer of Bahrain Commercial Facilities Company (BCFC), stated, " The Group's performance over the past six months reflects a sound financial result, despite the ongoing economic headwinds, particularly the pressures of elevated interest rates. These outcomes highlight the Group's resilience and its ability to adapt effectively in a dynamic operating environment. Looking forward to continuing the implementation of our strategy and reaffirm our commitment to our clients by delivering high-quality services and innovative solutions. We remain optimistic about strengthening our position and continuing to create long-term value for our shareholders, clients, and all stakeholders. '
Daily Tribune
2 days ago
- Daily Tribune
BBK discloses its financial results for the half year ended 30th June 2025
BBK (trading code BBK) announces its financial results for the half year ended 30 th June 2025, including the second quarter of 2025. For the second quarter of 2025: The Group achieved a net profit attributable to the owners of the Bank of BD 17.5 million for the second quarter of 2025 compared to BD 16.2 million in the same period last year, an increase of 8.0%. The basic and diluted earnings per share amounted to 10 fils compared to 9 fils achieved during the corresponding period last year, reflecting a growth of 8.2%. Total comprehensive income attributable to the owners of the Bank increased by 73.2% from BD 9.7 million achieved during the second quarter of last year to BD 16.8 million during the current period, mainly due to the increase in market values of investment securities. The increase in net profit was mainly attributable to a higher share of profit from associates and joint ventures, recording a profit of BD 0.2 million during the second quarter of 2025 compared to a loss of BD 1.1 million during the second quarter of the corresponding year. In addition, net fees and commission income increased by 9.3% from BD 4.3 million to BD 4.7 million. Furthermore, net provisions and credit losses were reported as BD 5.9 million in the second quarter of 2024 compared to BD 2.5 million during the same period of the current year, representing a drop of 57.6%. On the other hand, net interest income was lower by 5.4% at BD 30.0 million from BD 31.7 million, whilst total operating expenses increased by 8.5% from BD 17.6 million to BD 19.1 million. For the half year ended 30 th June 2025: The Group achieved a net profit attributable to the owners of the Bank of BD 38.6 million for the first half of 2025 compared to BD 36.5 million in the same period last year, an increase of 5.8%. The basic and diluted earnings per share amounted to 21 fils compared to 20 fils during the same period last year, reflecting a growth of 5.9%. Total comprehensive income attributable to the owners of the Bank for the first half of 2025 amounted to BD 32.3 million compared to BD 36.9 million during the corresponding period last year, representing a decline of 12.5%, as a result of the drop in valuation of investment securities due to market volatility. The net profit was supported by higher share of profit from associated companies and joint ventures, which amounted to BD 0.6 million during the first half of the current year, compared to a share of loss of BD 2.1 million during the same period last year. Moreover, the net fees and commission income registered a solid growth of 9.3% increasing from BD 8.6 million to BD 9.4 million. Furthermore, investment and other income increased by 21.9% from BD 9.6 million to BD 11.7 million, reflecting the Bank's dynamic business model and its efforts to diversify income from non-interest income streams. Also, the Group's net provisions and credit losses reported as BD 5.7 million compared to BD 9.6 million for the same period of the year 2024, showing a decline of 40.6%, mainly on account of active management of credit risk and distressed exposures, and higher recovery efforts. On the other hand, net interest income decreased by 8.1% from BD 63.9 million to BD 58.7 million as a result of market interest rate cut witnessed in last quarter of 2024. Total operating expenses grew by 6.3% from BD 33.6 million during the first half of 2024 to BD 35.7 million during the same period of this year, mainly due to continued investment in our human capital and various strategic and business initiatives. The total shareholders' equity attributable to the owners of the Bank reported a drop of 1.5% at BD 611.7 million as of end of June 2025, compared to BD 620.8 million as of year-end 2024, mainly due to the dividend declaration. Total assets as of end of June 2025 reported a growth of 2.5% to stand at BD 4,295.4 million (31 December 2024: BD 4,192.6 million). Net loans and advances reported a growth of 14.1% at BD 2,046.6 million (31 December 2024: BD 1,794.1 million) while investment securities portfolio grew by 20.5% to BD 1,131.6 million (31 December 2024: BD 939.4 million). On the other hand, treasury bills decreased by 14.6% to reach BD 340.8 million (31 December 2024: BD 399.2 million), deposits and amounts due from banks and other financial institutions decreased by 30.6% to stand at BD 116.5 million (31 December 2024: BD 167.9 million). Customer deposits registered a decline of 3.0% to stand at BD 2,340.0 million (31 December 2024: BD 2,411.3 million), driven by market dynamics and customer behavior preferences. Based on the interim results achieved, the Board of Directors has decided to distribute an interim cash dividend of 12.5% (12.5 fils per share), subject to regulatory approvals. Commenting on the Group's results, the Board of Directors stated, 'In a period marked by a challenging and uncertain operating environment, we are pleased to announce BBK achieving solid financial results. The achievement is the outcome of a clear strategic focus, disciplined risk management and a strong commitment to long-term value creation.'. Mr. Yaser Alsharifi, BBK's Group CE added, 'I am delighted with the sound performance achieved by BBK. In addition to the steady growth in our net profit, we continued to invest in our Environmental, Social, and Governance (ESG) initiatives as we made significant strides in advancing our commitment towards achieving our – integrating sustainability into our core operations, strengthening our governance practices and driving positive impact in the communities we serve. Recently, we have announced our collaboration with the Royal Humanitarian Foundation, which aligns with the Bank's broader vision to support community development and foster impactful humanitarian and charitable efforts across the Kingdom of Bahrain'. 'As we reflect on another period of strong performance, I am confident in the solid foundation we have built for the future. Looking ahead, we remain committed to creating lasting value for our shareholders, partners and communities'. 'Subsequent to the quarter end, the Central Bank of Bahrain (CBB) has approved the transfer of HSBC Bank Middle East, Bahrain Branch's retail (consumer) banking operation to BBK and we have identified that completion of the transfer will take place by the fourth quarter of 2025. We are thrilled to welcome HSBC Bahrain's retail customers and employees to the BBK family and commit to a seamless integration. This transaction represents a key achievement in our pursuit of strategic objectives, enhancing our market reach and shareholders' value. The milestone aligns with BBK's broader vision of strengthening its foothold in the banking sector by leveraging strategic opportunities that support the Bank's long-term ambitions'. 'The bank successfully closed a US$500 million, 3-year Club Loan Facility, which shall support Bank's strategic initiatives, business expansion, and refinance the 2023 facility. Aligned with BBK's sustainability objectives and its commitment to diversifying funding sources, the facility has been structured to include a Sustainability-Linked option. This highlights BBK's strong financial position and its dedication to sustainable growth'. The full set of financial statements and the press release are available on Bahrain Bourse's website.
